Economics B A-Level
Buffer stock
What Buffer stock means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Buffer stock
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Reference: Pearson Edexcel
Stock held in reserve; JIT aims for zero buffer stock, so a lack of it leaves a business unable to handle sudden spikes in demand or supply chain disruptions.
Topics that use Buffer stock
- Efficiency and competitiveness using lean production (Pearson Edexcel A-Level)
Related terms
- Competitive advantage
- Efficiency
- Employee empowerment
- Just in time (JIT)
- Kaizen
- Lean production
- Quality control
- Quality management
Using Buffer stock in the exam
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